. >>> also a cnn exclusive with bank of america brian moynihan. in studio to talk about what's happening with the economy, a rail strike coming, economy and a lot ahead with him. >>> and i sat down with brian kemp yesterday. keeping herschel walker at an arm's length. what's different this time around. >> two big cnn interviews to get to but we begin with soccer and a geopolitical stand off. talk about pressure's when the u.s. and iran play their highly anticipated match at the world cup this afternoon, the iranian players will be competing under extreme duress. cnn learned warned by their government to behave, or their families will be tortured and imprisoned. last week the iranian players refused to sing their national anthem before a match against england. we're live in istanbul. hello, thank you for joining us. what are you learning about these threats? >> reporter: well, don, what we understand from a security source who's involved in the security of the world cup and who has been monitoring the movements of security agents from the regime who

the bank of america ceo brian moynihan suggests we're in the middle of that. >> when is it going to gets? >> this is the toughest thing because you have to slow down the economy. you have to slow down inflation. the way to do that is to raise interest rates. >> the fed wants us to buy fewer homes? >> that's right. you are seeing it slow down. you'll see rates come back down to more the target rate and you'll see adjustments come through. that will take almost two years. >> take almost two years. >> he's macro forecasting what he thinks will happen and who knows, but i think when people think of housing, buying a home, it's time not timing in the market. it's a long-term investment. it's the best way to create intergenerational wealth and it's 5, 10, 15 years. remember, homes are for consumption. it's not just an investment. >> right. >> it's a long-term thing for people to think about. >> it's a very good point. you buy a home because you need to get into the school district you want for kindergarten, you're moving for a job, you want to be close to your parents. let's look at some of t

brian moynihan says the housing market is in some pain but right now american shoppers are keeping the economy afloat. meanwhile, the conference board reports that consumer confidence is at the lowest level since july. people are spending money despite inflation, in part because the labor market does remain strong. the u.s. government is taking new action in the housing market amid the nationwide affordability crisis. mortgage giants fannie mae and freddie mac will raise the limits of government-backed loans to a record level of 2023. the federal house financing agency announced that on tuesday. this means the baseline performing loan limit for 2023 will be more than $726,000. higher cost areas will have a new loan limit. however, one trade group says the higher loan limits will make the affordability crisis worse. >>> in a landmark vote the u.s. senate has said yes to codify same-sex marriage into law. the respect for marriage will ensure protection by requiring states to recognize the marriages across state lines. it still needs to pass the house before heading to president biden's d

world, bank of america standardized on salesforce, we have such an incredible relationship with brian moynihane of decades. and now adding in his business bank, corporate bank, investment bank into the salesforce family. we want to be able to give each one of those, you know, incredible important parts of bank of america our customer 360 platform and they have all their own uthiecke needs whether it would be in sales or marketing or commerce or even in collaboration with slack so the ability to work with bank of america once again, to increase their use of salesforce, that's fantastic for us and we're thrilled you also mentioned t-mobile. of course we love mike we've continued to grow with mike mike has done an incredible job with his merger. now he is really focusing on his b-to-b capability which is what this next level of our relationship is about, helping him to go to market more aggressively, directly to business and the third one you mentioned, michael bell and that's another multidecade relationship to really help him not only go through the huge transformation he has gone through, not

and convey thanks to brian moynihan as well. been with us every step of the way. now i'd like to to introduce brigadier general andre carter from fort bragg, who is with us today and i guess will tell us about our partnership and our future together. general carter. i want to start out by saying thank you to the organization friends and individuals who have supported and continue to cultivate the partnership between the smithsonian and the united states army civil affairs and psychology operations command. that's the whole thing. using kapok, having a partner, the smithsonian offers a platform for our top army profession trained with respected expert and top level institutions, and build a network of cultural heritage specialists. it is an honor for me to congratulate the first cohort of army monuments officers. each of our cultural heritage professionals and experts in their respective fields we have archeologists archivists, curators, educators, data scientists, museum directors, history artists, provenance researchers, legal advisors, environmental managers and

[applause] >> thank you, larry and we give our thanks to brian moynihan as well. he's been with us every step of the way. now i would like to introduce brigadier general andrea cara from fort bragg, who is with us today, and i guess we will tell you about our partnership in our future together. general carter. [applause] >> i want to start out by saying, thank you to the organizations individuals who have supported and continued to cultivate the partnership between the smithsonian and the united states army civil affairs and psychological operations command. that is the whole thing. i will partner like the smithsonian offers a platform for top army professionals to train with respected experts and top level institutions, and build a network of cultural heritage specialists. it is an honor for me to congratulate the first cohort of army monuments officers. each are cultural heritage professionals and experts in their respective fields. we have archaeologists, archivists, curators, educators, that is scientists, museum directors, historians, artists, providence rese

bank of america officials refused to comment in other recent interviews, though, the bank's ceo brian moynihan says he's not losing sleep over the deal. >> well, tonight we are learning that amazon will lay off thousands of employees in its corporate and tech divisions. our core for his has made. you spoke to a san jose state university business professor for a little perspective >> that is according to a new york times report. if that happens, it would be the first major staff reduction in the history of what some say is one of the most influential economic and cultural forces in the world. >> when you do layoffs, people often look for opportunities to reduce headcount and corporate close to the decision makers and they have the power and people people often say, well, we've got too many. >> robert wood is the professor of strategic management at the school of business at san jose state university. he says according to the report, in addition to layoffs at the corporate level, amazon's devices division will also see job cuts. amazon has tried very hard to >> be a major player in additional de

we need, like, brian moynihan, comes on, seems pretty good. think jamie is too negative. >> you think with inflation, with the print we got this week, we're going to talk about the china reopening, ukraine is moving back into kherson you think a lot of his complaints are becoming less valid? >> i want jamie one, not jamie two. jamie one, who was on a script, and it was a darn good script, talking about all the positives. do you know that he did jamie one? the scripted jamie one and then he did off the cuff jamie two. let's get jamie one back here. jamie one was positive, talking about the greatness of the country. jamie two is just, i mean, i don't know, lex luthor >> he's holding california hostage? now, that said, i don't understand so, you prefer the cryscripted jamie, as opposed to jamie from the heart telling you what he actually thinks. >> that's all i have to say about it >> you want a jamie who's just making stuff up and saying positive things even though he doesn't believe them >> the written comments were -- this is like the fed wher

next we have brian moynihan, who is the chair and ceo of bank of america. next we have william rogers jr., chairman and ceo of truist financial corporation. and finally, we have charles scharf, who is the president and ceo of wells fargo and company. with that objection, your written statement will be made part of the record. each of you will have five minutes to summarize your testimony. we should be able to see a timer on your screen, which will indicate how much time they have left, and a time will go off at the end of your period, i would ask you to be mindful of your timer and quickly wrap up your testimony if you hear the chime. before we begin with your oral testimonies, i would like to swear in the witnesses. well all of you please raise your right hands? do you solemnly swear or affirm that the testimony will give before the committee, in the matter is now under consideration, will be the truth, the whole truth, nothing but the truth so help you god? let the record show that all the witnesses answered in the affirmative. you maybe, of course, you a